In chapter nine, Rothbard covers the ups and downs of 1930. This year is particularly interesting because it seemed as if the quick actions in the last quarter of 1929 had fixed the problems. In the first half of 1930, the general public thought things were looking good, considering how markets had bounced back and how a massive propaganda campaign was targeted at making them feel secure.
Of course, the additional inflationary spending of late 1929 and early 1930 only made the problem bigger while papering over it for a short time.
Rothbard traces how the situation continued to get worse, with employment falling along with prices and production, while consumption stayed at the same level. Not a recipe for great results.
See my show notes here.
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References
Anderson, Economics and the Public Welfare
https://archive.org/details/economicspublicw0000ande/page/n3/mode/2up
Hoover, The Memoirs of Herbert Hoover
https://archive.org/details/memoirsofherbert0002hoov
Fahey, Tariff Barriers and Business Depression
https://www.jstor.org/stable/1172703
Taussig, The Tariff Act of 1930
https://www.jstor.org/stable/1882525
Taussig, The Tariff, 1929-30
https://www.jstor.org/stable/1885247
Divine, American Immigration Policy, 1924-1952
https://archive.org/details/americanimmigrat0000divi/page/n7/mode/2up
Bernstein, The Lean Years
https://archive.org/details/leanyearshistory0000bern_f7p8/page/n5/mode/2up
Warren, Herbert Hoover and the Great Depression
https://archive.org/details/herberthoovergre0000warr_f2d0
History of the Employment Stabilization Act of 1931
https://budgetcounsel.com/wp-content/uploads/2016/10/1945-07-30-rept-banking-committee-related-to-s-380.pdf
Reeve, Monetary Reform Movements; Recent Plans and Panaceas
https://archive.org/details/monetaryreformmo0000unse/page/n7/mode/2up
Hearings Before the Committee on the Judiciary, House of Representatives on S. 3059…
(Rothbard cites a Senate hearing but I think he was talking about this…)
https://archive.org/details/unemploymentinun00unit/page/14/mode/2up
Dorfman, The Economic Mind in American Civilization
https://mises.org/library/book/economic-mind-american-civilization-1606-1865-volume-one
Loth, Swope of G.E.
https://archive.org/details/swopeofgestoryof00loth/page/n5/mode/2up
Ratner, American Taxation: Its History as a Social Force in Democracy
https://books.google.com/books/about/American_Taxation.html?id=RwI0AAAAIAAJ